Listed by IPRG Investment Property Realty Group
$1,950,000
870 Hancock Street
Details
APN 01490-0040
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,970
Units 5
Cap Rate 6.37%
NOI $124,216
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.40%
Pro-Forma NOI $144,273
Price per SqFt $657
Year Built 1880
Zoning R6B
Investment Type Stabilized
Multifamily | 5 Units | $390,000/unit
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 870 Hancock St, a fully renovated 5-unit brownstone located in the Bedford-Stuyvesant section of Brooklyn.
The property features one spacious 3-bedroom ground-floor unit, complete with an in-unit washer and dryer and exclusive access to a private backyard. The remaining four units are well-appointed 1-bedroom apartments. The building measures 18 x 55 feet, totaling 2,970 square feet. The building operates as a free-market property and benefits from a protected Tax Class 2A status with annual taxes of $5,302.
Conveniently situated just one block from the Halsey J train station, the property provides excellent access to public transportation.
Investment highlights
- All Units are Free Market
- All of the Five Units are Renovated/Updated
- One Unit has Private Backyard and W/D in Unit
Listing Contacts
Listed by IPRG Investment Property Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,216.00
$10,351.33/mo
Valuation Metrics
0
DSCR
6.37%
Cap Rate
6.37%
ROI
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